By Chow Bee Lin
SINGAPORE (ICIS)--China’s import prices for polypropylene (PP) flat yarn resins are hovering at a six-month low, and look set to fall further as domestic producers are saddled with high inventory of the polymer amid weak downstream demand, industry sources said on Friday.
A sharp decline, however, is unlikely as prices are backed by firm production costs, they said.
PP flat yarn import prices have shed 1.2% last month to average $1,477.50/tonne CFR (cost and freight) China in the week ended 28 February, according to ICIS.more >>
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